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Lending Club's Strategic Alliances Are A Step In The Right Direction

Only two months after the successful debut of this peer-to-peer lending marketplace, Lending Club (NYSE:LC) shares are trading at 20% below the closing price of its first day of trading, December 11, 2014. Many explanations were offered as possible drivers of the crash: a lack of business horizon and strategic objectives, excessive risk, and even concerns that traditional investment banks would never support Lending Club's disruptive business. Investors who bought the company's shares on the first day of trading were quick to sell as skepticism mounted over the company's ability to keep growing and fears of overvaluation increased. However, many investors just fail to see the huge potential of the peer-to-peer lending market and the many business applications it may…